Definition: This entry is the total oil consumed in barrels per day (bbl/day). The discrepancy between the amount of oil produced and/or imported and the amount consumed and/or exported is due to the omission of stock changes, refinery gains, and other complicating factors.
Source: CIA World Factbook - Unless otherwise noted, information in this page is accurate as of January 1, 2012See also: Oil - consumption map
Eight Pieces of Our Oil Price Predicament
The Energy Collective - 10/25/2014 11:58:33 AM
But worldwide, oil consumption is forecast to increase ... but the oil price elsewhere around the world will tend to decrease to compensate.) Many governments of emerging market countries give subsidies to oil products. As these subsidies are lessened ...
Falling oil prices shake up global economies
Herald-Dispatch - 10/19/2014 3:51:44 AM
Oil consumption globally is 91 million barrels per day. That means the world's oil producing countries and companies are bringing in as much as $2.8 billion less in revenue every day -- and consumers, shippers and airlines are saving a comparable amount on ...
Oil Boom Prompts U.S. to Push for Crude Exports
Truthdig - 10/24/2014 3:48:48 PM
OREGON—Oil and coal producers in the US are planning to ... areas that environmental groups believe should be protected. The change in world fossil fuel production, consumption and costs caused by tar sands exploitation in Canada and the fracking boom ...
8 Reasons For Our Oil Price Predicament
Oil Price - 10/22/2014 11:57:56 PM
If countries are entering into recession, the buying of oil is likely to be down ... Egypt’s oil production and consumption, based on BP’s 2013 Statistical Review of World Energy data. Figure 6. Syria’s oil production and consumption, based on ...
China Scores Cheap Oil 14,000 Miles Away as Glut Deepens
Bloomberg - 10/24/2014 2:48:32 AM
The transaction underscores how the world’s second-biggest oil consumer is benefiting as ... Shale oil has boosted the country’s crude output to the highest since 1985. European consumption is also shrinking as refineries shut or convert to storage ...
Oil Prices Fall Despite Global Uncertainty
econintersect.com - 10/22/2014 1:35:09 PM
Global consumption growth forecasts were revised downward due to weak demand in Asia and countries belonging to the Organization ... top contributor to global consumption growth this year. World oil production increased about 800,000 barrels per day ...
Global oil supply edged up by 500,000 bpd in 2013: OAPEC
Kuwait Times - 10/23/2014 6:27:28 PM
The oil supply rate of the Organization of Arab Petroleum Exporting Countries ... 2012 rates due to world economic slowdown. The economic growth rates of industrialized states which possess around 51 percent of global oil consumption edged down from ...
Global Winners and Losers from Lower Oil Prices
Investing Daily - 10/23/2014 5:58:50 PM
In oil alone, U.S. production covered 54% of consumption in 2013, according to BP’s June 2014 Statistical Review of World Energy ... and Mexico are clear losers from lower prices; both countries produce substantially more oil than they use.
World Crude Oil Market Bigger Than OPEC
Live Trading News - 10/19/2014 1:42:53 AM
“If the shale oil revolution can be sustained in the United States, and successfully exported to other countries, some combination of ... On the demand side, consumption of refined products in the United States is still more than 2-M BPD lower than ...
China scores cheap oil 14,000 miles away amid world fuel glut
BusinessMirror. - 10/25/2014 7:33:41 AM
The transaction underscores how the world’s second-biggest oil consumer is benefiting ... US output in almost 30 years cuts its consumption of foreign crude. Organization of the Petroleum Exporting Countries biggest producers are reducing prices to ...
Don’t Mess With Saudis in Oil Bear Market Global Shakeout
Businessweek - 10/16/2014 3:08:10 PM
The bear market in oil is showing the world there’s still only one country in a position to choose winners ... China relied on imports to meet 57.4 percent of its crude consumption in 2013, government data showed. In the first eight months of this ...
IEA Cuts Outlook for Oil-Demand Growth by 22%
Wall Street Journal - 10/14/2014 4:29:17 PM
The U.S. has already become the world’s largest producer of petroleum-based liquids—including oil and natural-gas liquids. The IEA said earlier this year the U.S. had overtaken Saudi Arabia and Russia, though it still lags behind both countries in ...
Pakistan to begin local production of Rice Bran Oil in December
Business Recorder - 10/22/2014 10:53:30 PM
Pakistan is one of the largest consumers of edible oil and the consumption of oil stands around ... also one of the largest exporters of rice in the world, however is not producing bran oil like other countries. Presently, India is the largest producer ...
Saudi Arabia supplies less oil in September despite output rise
Reuters - 10/23/2014 1:41:08 PM
Saudi Arabia is likely to keep its oil production steady throughout the rest of the year as world oil consumption is expected to rise ... members of the Organization of the Petroleum Exporting Countries have indicated their reluctance to cut output to ...
Why Harold Hamm Isn't Worried About Plunging Oil Prices
Forbes - 10/21/2014 9:25:48 AM
On the contrary, “this is one country, the Saudis, attempting to dictate world oil prices ... U.S. government’s Energy Information Administration estimates that global oil consumption (91.5 million bpd) has kept pace with supply growth (91.8 ...